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--For one-semester Principles of Economics courses at two- and four-year colleges and universities

A practice-oriented learning system that breaks the traditional textbook mold

To help students focus on the most important concepts–and effectively practice application of those concepts–Essential Foundations of Economics is structured around a Checklist/Checkpoint system. The result is a patient, confidence-building program that prepares students to use economics in their everyday lives, regardless of what their future career will be. ¿This program provides a better teaching and learning experience–for you and your students. It will help you to:

• Personalize learning with MyEconLab: This online homework, tutorial, and assessment program engages students in learning and provides instructors tools to keep students on track.• Encourage students to learn by doing: A Checklist/Checkpoint system provides a practice-oriented framework that enables active learning.• Command student attention and foster interest in the course: Engaging features draw students into the material, and keep them focused throughout the course.• Provide engaging, fully updated content: New and updated material on contemporary topics better motivates students to discover the economic way of thinking.

Table of Contents

I. Introduction1. Getting Started2. The U.S. and Global Economies3. The Economic Problem4. Demand and Supply

II. A Closer Look at Markets5. Elasticities of Demand and Supply6. Efficiency and Fairness of Markets7. Government Actions in Markets8. Global Markets in Action9. Externalities: Pollution, Education, and Health Care